Which of the Following Is False Regarding Decision Making in a Partnership

question 48

Multiple Choice

Which of the following is false regarding decision making in a partnership?

• A) Each partner's assets are vulnerable to the poor business decisions of the fellow partners.
• B) A partnership is prohibited from placing managerial control of the business in one partner.
• C) Unless the partners expressly agree otherwise,partnership law requires unanimous agreement of all partners on all but the most ordinary matters.
• D) If the partners in an informal partnership cannot agree on a decision,they may disband the partnership,distribute its assets,and terminate it.